Insurtech Upcover has raised $2.7 million in seed funding and $2 million in debt in a round backed by QBE LMI GM Patricia Priest, as well as former Zurich Insurance Global Life CEO for APAC Colin Morgan. Also participating were Perth-based Betterlabs, Antler Australia, Etika CFO Raf Uy, and Bricks + Agent CEO Raf Niesten.